iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) Short Interest Down 43.4% in December

iShares U.S. Tech Breakthrough Multisector ETF (NYSEARCA:TECB) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 1,472 shares, a decline of 43.4% from the November 30th total of 2,599 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 11,186 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 11,186 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares U.S. Tech Breakthrough Multisector ETF

Several large investors have recently bought and sold shares of the stock. Ancora Advisors LLC grew its stake in shares of iShares U.S. Tech Breakthrough Multisector ETF by 2.2% in the 1st quarter. Ancora Advisors LLC now owns 21,179 shares of the company’s stock worth $1,036,000 after acquiring an additional 457 shares in the last quarter. Fiduciary Alliance LLC bought a new position in shares of iShares U.S. Tech Breakthrough Multisector ETF during the second quarter valued at about $324,000. Finally, JPMorgan Chase & Co. boosted its holdings in iShares U.S. Tech Breakthrough Multisector ETF by 1,765.3% during the third quarter. JPMorgan Chase & Co. now owns 1,343 shares of the company’s stock worth $81,000 after purchasing an additional 1,271 shares during the last quarter.

iShares U.S. Tech Breakthrough Multisector ETF Stock Performance

Shares of iShares U.S. Tech Breakthrough Multisector ETF stock traded up $0.01 on Friday, hitting $61.84. The company had a trading volume of 14,359 shares, compared to its average volume of 23,780. iShares U.S. Tech Breakthrough Multisector ETF has a 1 year low of $41.69 and a 1 year high of $64.30. The stock has a 50 day moving average of $61.55 and a 200-day moving average of $59.55. The stock has a market capitalization of $454.52 million, a price-to-earnings ratio of 30.82 and a beta of 1.17.

iShares U.S. Tech Breakthrough Multisector ETF Company Profile

The iShares U.S. Tech Breakthrough Multisector ETF (TECB) is an exchange-traded fund that is based on the NYSE FactSet U.S. Tech Breakthrough index. The fund tracks an index of US equities that could benefit from breakthrough technologies, modified market cap weighted. TECB was launched on Jan 8, 2020 and is managed by BlackRock.